Neste OYJ (OTCMKTS:NTOIY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. BNP Paribas Exane upgraded Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Finally, UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Neste OYJ Trading Down 2.1%

Shares of NTOIY opened at $12.74 on Monday. Neste OYJ has a 12 month low of $3.75 and a 12 month high of $13.05. The stock has a fifty day moving average price of $11.09 and a 200-day moving average price of $9.91.

About Neste OYJ

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.